Accounting and Audit

The Accounting and Audit Division is responsible for maintaining accurate and timely financial information and reporting this information to the City Administration and to the public. Our primary functions are listed as follows:

Accounts Payable - process vendor invoices
Accounts Receivable - receive non-utility payments
Cash - prepare daily cash deposits
Financial Reporting - produce Annual Comprehensive Financial Report (ACFR) and Quarterly Reports
Investments - invest idle cash
Payroll - process employee checks, related documents, and year end reporting
Revenue Accounting - collect City taxes, licenses, and permit fees

FAQs

What is the sales tax rate for the City of Fayetteville?

The sales tax on purchases made within the city limits is collected by the State of Arkansas, except the Hotel/Motel/Restaurant (HMR) and supplemental beverage taxes which are remitted to the City.

What is the Hotel/Motel/Restaurant (HMR) Tax?

The City of Fayetteville currently has a 2% HMR tax on establishments engaged in the business of renting, leasing or otherwise furnishing hotel or motel accommodations, or selling prepared food or beverages for consumption on or off premises.

New businesses need to complete and return a HMR registration form. Additional City reporting forms and applications are available by request at 479-575-8287 or on the

Are Short-Term Rental (STR) businesses required to remit the HMR tax?

Yes, short-term rentals must obtain a business license and remit monthly HMR taxes per City Ordinance 6427.

View All

Accounting and Audit

Contact Us